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Home purchasing climbs for eighth straight week

from Eye On Housing

Home purchasing climbs for eighth straight week Eye On Housing The latest round of the Mortgage Bankers Association’s (MBA) Weekly Application Survey showed an increase in its benchmark Market Composite Index for the week ending on June 5 by 9.3% from the previous week on a seasonally adjusted basis. Refinancing activity, which had been showing week-to-week declines since the second week of April, showed a sharp turnaround this week and posted an 11.4% gain compared to the previous week’s activity. Home purchasing continued its climb, posting gains for the eighth straight week, increasing from the previous week by 5.3%. READ MORE

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